Ascending Triangle breakout to the upside for BTC??!!??
On the RSI Bitcoin appears as though it wants to break the downward sloping resistance of a descending triangle.
The upward sloping support of the ascending triangle has seen multiple touchpoints, and the more a trend line is tested the more likely it's going to be broken, the same goes for the horizontal resistance.
The KST is displaying a bullish cross where I have placed the green downward-pointing finger. If you zoom in closely it'll be more noticeable, and it's coinciding with breaching the downward sloping resistance of a similar pattern on the RSI.
It's always possible we see a bearish scenario, I will link a recent post displaying a more macro bearish perspective, but on a micro-level, there's definitely some bullish potential.
The upward sloping support of the ascending triangle has seen multiple touchpoints, and the more a trend line is tested the more likely it's going to be broken, the same goes for the horizontal resistance.
The KST is displaying a bullish cross where I have placed the green downward-pointing finger. If you zoom in closely it'll be more noticeable, and it's coinciding with breaching the downward sloping resistance of a similar pattern on the RSI.
It's always possible we see a bearish scenario, I will link a recent post displaying a more macro bearish perspective, but on a micro-level, there's definitely some bullish potential.
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